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This property, located at 316 East 16th Street in Lockport, IL 60441, is a residential property in the South Lockport subdivision. It is situated on a 10,454 square foot lot and has no heating system. The last sale of this property was on 08/31/2001 for $125,000. The current tax assessment is $185,085, with $43,252 for improvements and $18,443 for land value. According to the legal information, it is Lot 9 Block 5 in S Lockport, being part of the east half of the northwest quarter of Section 26 in Township 36 North, Range 10 East.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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